US-Iran Conflict: Strong Luhatting on International Stock Exchanges

The conflict between Iran and the United States is making its own impact on markets, leading to strong fluctuations in international stock exchanges. Gold and oil prices have long reached the highest points due to uncertainty among investors.

Wednesday's (January 8th) attacks on American bases from Iran prompted all Asian and European stock exchanges to be opened negatively. Geopolitical tensions in the Middle East raised the value of precious metals in stock exchanges.

The gold prize reached the highest level of 7 years Wednesday, selling $1,610 per ounce. The silver also increased 1,18 percent from the previous day by measuring $1.4 per ounce and Platini 5.4 more dollars or 971.6 dollars per ounce.

People are nervous. They watch the news and panic when they learn what can happen from the conflict between the United States and Iran. So the first thing they do is convert their investments into gold, so these price fluctuations will continue,” shows the leader of a series of silversmiths in Dubai.

Unpredictable developments in the Persian Gulf also brought by 4 percent the value of black, crude oil, over $70 per barrel, while the digital currency Bitcoin hit the highest target of two months, exchanging 20 percent more expensive within the week or more than $8,460.

Economists say the conflict is unlikely to escalate seriously, as it would not be in the economic interest of either side.